the payroll tax and the increase for the rich. >> this as president obama gets set to announce his budget proposal this week. let's bring in john harwood. >> reporter: good morning, david. this jobs number will play directly into the political arguments as jim cramer suggested, and as jan hatzius suggested a moment ago when he talked about how sequester may have had a modest effect on this jobs number, but it will have more over time. that matches what president obama has said over and over including at this press briefing earlier this year. >> the longer these cuts remain in place the greater the damage to our economy. slow grind that will intensify with each passing day. and then right on cue, alan krueger, he ratcheted up that criticism of washington echoing jim cramer. >> the economy's continuing to heal. what we need to do in washington is avoid self-inflicted wounds. most importantly, they y isequ, the congressional budget office estimates it will reduce job growth by 750,000 full-time equivalent jobs by the end of the year. >> how does that affect the budget debate? look, the house